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tv   Business  Deutsche Welle  July 12, 2019 8:30am-8:46am CEST

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need. to know what time the voice is $100.00. 77 percent. from the pointy 2 flashes from the rooftop this is where. you go to the 77 percent. this weekend g.w. . it's time for the tech side of the french pioneering tax on internet giants saying there is no worse case for the police state of mind is. the german c o 2 tax expert panel is to present the government with its approach to climate justice for
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pollution produces and cruising for a bruising master isms a new frontiers has locals far in about their way of life and pristine environment . i did his all in let's do business. and the world is watching and you showdown between europe and the united states the french passing a law taxing the global tech giants provoking anger from the u.s. the white house says it's unfairly targeting american companies and has threatened paris with punitive trade measures. big technology companies like google amazon and facebook operating in france will soon be paying more tax france's senate has approved a 3 percent tax on tech companies doing business there the aim is to plug a taxation gap that allowed some internet heavyweights to avoid tax in countries where they make their profits and to book their income in low tax countries like ireland it's estimated the levy could net france $400000000.00 euros this year and
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650000000 next year before the vote french finance minister spoke out against the growing power of big tech. start. can all see the emergence of economic giants with monopolistic attributes who not only want to control the maximum amount of data and make money with this data but also to go further than that by in the absence of rules avoiding taxes and putting into place instruments that could tomorrow become a sovereign currency. formed when it's one. but even before the legislation was through us president donald trump had ordered an investigation the u.s. warned that if the law passed it would activate section 301 of the u.s. trade act that authorizes retaliation against a foreign government whose trade policies or practices deemed unjustified
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unreasonable or discriminatory or that they restrict u.s. commerce france is the 1st major economy to impose a tax on big tech but other e.u. countries including austria britain spain and italy have also announced plans for digital taxes. joins us from the german city of constance isn't this also what trump actually wanted a tax on revenues as opposed to profits. absolutely and my president trump himself criticizing multinational enterprises that they are earning money but they don't pay taxes so this situation france has taken serious steps concerning a challenge not only appearing in europe but also in the u.s. is the right direction donald trump claims for example there is a massive trade deficit with europe when it comes to manufacturing the truth is if you look into statistics on the service side it is the u.s. who makes a lot of profits with the big 5 companies like google facebook in europe but barely
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these companies pay taxes in europe so it is important to solve this taxation problem the question is whether a nation specific regulation is sustainable and here cooperation is important yet why why just france why isn't the whole of the e.u. getting behind this. you know i mean this is this is a general problem at the moment ideally we would have a negotiation not only within europe but also in between the transatlantic relations but taxation when it comes to taxation in particular you have very country specific historical establish rules it is a complicated issue that france decided to trigger it is because otherwise you nobody starting but it is very important and i believe donald trump and the u.s. will. come to the table and try to solve this at least between the u.s. and europe in the next month. we will see that we'll see just how complicated
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though is this whole trade just getting france versus the u.s. the u.s. threatening the german concept of for example south korea japan while the u.s. wants everyone to join it's at the end of the day against china. you know this is a very important issue at the moment you know there is always a strong rhetoric coming from the u.s. in the person of donald trump but we have the world the traits trading system has changed we have global value chains companies can shift profits from one country to the other and then we have china as a very specific big global player with a state owned companies where competition is not really an issue so the europeans and the u.s. have to cooperate stronger in light of the state owned companies from china taxation is only one issue just to mention other issues like individual freedom security of data it is not very constructive sustainable if europe if if the u.s.
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takes steps individually having china with a completely different trading system and not basically compatible in the long run with a competition oriented trading system and we haven't even mentioned china's tech behemoths weiwei. absolutely i mean there's been it comes to security reason i mean it's not only donald trump i just want to mention it was the german minister for economic affairs we just introduced in germany a new legislation in case of security reasons germany has now the right the german minister has arrived to prohibit mergers the requisitions from china in germany so there are very similar concerns and interests in europe and the us and it is not very helpful when leading politicians in the us and europe make strong statements given the necessity to cooperate particularly across the transatlantic. thank you
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thank you very much. china is looking to expand its fleet and it's betting on a bus to do that not boeing it's ordered 20 new a 350 s from the european aerospace giant in a deal worth about 6000000000 euros it's the latest sign that airbus is expanding its foothold in the chinese market with local counties are expressing more interest in european made planes thanks in part to the continuing trade tensions with the u.s. . now to some of the other business stories making news boeing has announced the head of its troubled 77 max program plans to retire erik lund lot has been in charge of the project since august last year is the most high profile departures in st crashes involving the aircraft in which almost 350 people died asian shares a mostly higher off the dow hit a record high on thursday it climbed above 27000 much to the little light of president trump your markets have been racing higher an investor optimism that an interest rate cut is on the way. up the house is holding its 1st sale dedicated to
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speak as their status as collectibles is growing some could fetch over $100000.00 shoes going under the hammer in new york included parents spied by the film back to the future to. confronting the climate crisis is one of the most pressing political challenges about day on the german government continues to struggle with reducing greenhouse gas emissions is said to be top of the ins agenda parliament has set targets compared to 1998 levels germany aims to cut emissions by 40 percent by 2020 a decade later told c o 2 output will be down by 55 percent and the german government hopes to virtually eliminate greenhouse gas emissions by mid century but germany may already be off course to hit those targets which is why the government is talking about putting a price on carbon emissions some in berlin want to introduce a c o 2 tax all others say emissions trading schemes should be opened up to other
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industry. well one of the most instagram a ball places in the world is bag in norway and once those photos are on insta the hordes of tourists fall are now entire cruise ships are advancing on the pristine waters of the scandinavian paradise locals and not impressed. this is a dream for many travelers the cruise through the norwegian fjords but the sheer number of people pursuing that dream has under strain time worried his family has lived here and flown east of barragan for generations he and his son have a farm with some 55 cows. they have all had bottles of water when i was a child there were 5 or 6 ships in the fuehrer and in the summertime 65 now it is it's 165 this is an explosive development that's no longer under control
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a little slum has just a few 100 residents but gets up to a 1000000 visitors every year and all that each of the ships that dock here disgorge is around 2000 people a month at the height of the tourist season the visitors come all the way up here to the pastures. most of the tourist mass tourism like we're experiencing today and flown is no longer compatible with nature or if joe common element up to this summer day in june was relatively quiet the high season hadn't kicked off yet 20 years ago the town built a pier for large cruise ships hoping to attract more tourist revenue. the steep flown railway up into the mountains would have shut down but for the tourists. and the boats taking visitors out onto the fjord are booked out. this ferry is electric . but shell nor glen from the harbor authority says the limits of growth have been
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reached. discard one or all have to be able to see something we need to be able to organize that just a look at our infrastructure shows we can't accommodate many more tourists. another problem is pollution the ships engines run constantly to produce onboard electricity while idling in the few ord each of the huge boats produces more emissions than $10000.00 diesel cars. farmer under straight time is not entirely opposed to the cruise ships but he says there have to be fewer of them he has a simple proposal mean more haul constraint only need some cruise ship free days we need a chance to breathe seriously there are many other visitors who don't come by ship and they should be able to see the fuehrer it like it is without these colossus that dominate everything so it's a leg up in the uk. but the big ship operators have already booked their routes for
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the next 2 years so flown will be crowded for the local people there's just one consolation in the evening when the big ships leave the bay things quiet down and reveal the fjord in all its natural beauty. and just briefly before we go indian and u.s. trade negotiators meet again today with little sign of compromise on a series of protectionist measures taken by 2 governments in recent months indian prime minister narendra modi pushing nationalist policies with high tax on everything from electronic goods to controls on foreign firms to help foster domestic companies and create jobs the u.s. calls the terrace unacceptable india doesn't like those you westfield g.d.s. . they are up to date in all the business news i'm ben for us all and i'll see you again very soon you're in.
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coach of british. joining us from africa and the moral story linked to exceptional stories and discussions. of easy town wild with same deputed come smash africa join us on facebook d w africa.
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quiet melody resounds michael white the. ready reason when it's. the mind and the music. 2019 from september 6th to september 29th. baby simba is annoying to once again as the future lion king this time and the breathtaking computer animation. welcome to arts and culture where we're giving you a look at disney's newest remake in all its eye
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a blistering detail in the new lion king live up to fans expectations also coming up artist activists say transforms a paris landmark with his biodegradable paintings that impacts the viewer not the planet. and her beats have got the electronic music capitol berlin for robbing lebanese d.j. norton job it talks about the healing power of art techno. but 1st disney's film production chief calls it a new form of filmmaking somewhere between c.g.i. and the live action but new lion king comes 25 years after the original cartoon became an instant classic and that's long enough for disney to feel that it's time for an upgrade the new movie had cinemas next week it tells the exact same story with a very new look and with voices of stars including beyonce seth rogen and donald glover all.

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